<p>Your child’s borrowing should be limited to what he or she can realistically expect to earn in the first year out of school</p>
<p>This is the most important quote from the article. It says. Don’t treat loans the same as grants. Grants and Scholarships are FREE money. Loans have to be repaid. Treat loans the same way you would treat any other loan. Look carefully at your repayment reality. If the student can expect to be making 55k a year the first year out then don’t borrow more than 11K a year. (Assuming 5 year plan, increase in expenses, or a drop in grades) It is simple basic math. It is completely logical. Don’t fall into the trap of thinking that all finanical aid is free money. Treat a loan like a loan.</p>